Small-time investors in Trump’s Truth Social reckon with stock collapse

That's your Sunday good news. 

 

Link

What's striking is that so many of those suckers talk about "faith." It really is a cult.

Yet another grift--some people are slow learners.

I find it interesting David didn't buy any.  Deep down he knows Trump is full of 💩 and can't be trusted enough to invest money into something he operates.

Edited on Apr 14, 2024 8:53am

Fun Facts:

 

-The Bellagio in Las Vegas recently sold for close to 4.25 billion dollars.

-Thats half what Truth Social's market cap was on its IPO   

-Truth Social's revenue is the same as your average, neighborhood Olive Garden....but its costs are 20X as high making it unprofitable.

 

So in summary:  Investors paid the same money to buy TWO BELLAGIO's in Las Vegas to instead buy a poorly run Olive Garden that loses money.

 

And its leader is the person they want to manage the country's finances and tax policy.

Edited on Apr 14, 2024 10:17am
Originally posted by: Mark

I find it interesting David didn't buy any.  Deep down he knows Trump is full of 💩 and can't be trusted enough to invest money into something he operates.


Well, David doesn't have enough money to regularly dump in Vegas AND feed his orange hero. And this is where David's loyalty is tested. Did he cancel his latest trip so that he could afford to buy Trump stock? No! Talk about a fair-weather cultist!

Down a massive 17% so far just today.

 

Deaths of despair - drugs, alcohol, suicide  - are going to be growing in Trump Country.

Cut in half in less than two weeks.

The Enron guys dont look so bad now.

The stock is up 44.6% since the 2024 opening day of trading.  You guys prove daily why one should never trust  Lyin' Liberal.  Market Cap is $3.5 billion.

Edited on Apr 16, 2024 11:56am

From CNBC April 15, 2024:

 

"Since it began public trading on March 26, Trump Media's share price has fallen more than 62%, from an opening price of $70.90 that day down to around $27 on Monday." Emphasis is mine.

 

Right now it's trading at $23.10.

 

Trump Media falls 18% after filing plans to issue more DJT stock (cnbc.com)

 

It began publically trading as DJT on March 26th, that's when the retail investors starting buying and the ones that did are way down now. It's probably OK with them though, the money isn't has important as supporting Trump. Of course, they'll complain about inflation and not being able to afford groceries while that feverishly refresh the stock quote.

 

Lyin' Liberal or Lo Info Trumpster? You decide.

Edited on Apr 16, 2024 2:22pm
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